Bourn, who was an All-Star last season, hit .274 with 42 stolen bases and a .739 on-base hitting percentage for the Atlanta Braves. He was offered a $13.3 million dollar offer by Atlanta in the offseason, but rejected it in order to test the market.

In addition to his base-stealing savvy, Bourn, a two-time Gold Glove winner, has a reputation as one of the best defensive outfielders in the game.

Bourne was also fielding offers from the Seattle Mariners, Chicago Cubs and Texas Rangers

With the addition of Bourne, the Indians have beefed up their defensive outfield with the presence of Michael Brantley and Drew Stubbs.

According to USA Today, Bourne could conceivably earn more with certain contractual incentives. If Bourn has 550 plate appearances by 2016, the deal could be worth as much as $60 million over five years.